On September 22, Jinke Property Group Co., Ltd. issued a shareholder equity change notification announcement. According to the announcement, the administrator has recently transferred the restructuring bonus shares from the administrator's securities account (i.e., the special account for bankruptcy enterprise asset disposal of Jinke Property Group Co., Ltd.) to the securities accounts of designated entities of all restructuring investors.

The restructuring industrial investor Shanghai Pinqi Consortium designated Jingyu Xingzhu (Qingdao) Enterprise Management Partnership (Limited Partnership) ("Jingyu Xingzhu") and Jingyu Xingcan (Qingdao) Enterprise Management Partnership (Limited Partnership) ("Jingyu Xingcan"), which are under its actual control, to receive the transferred bonus shares. The general partner of both Jingyu Xingzhu and Jingyu Xingcan is Shanghai Pinqi Management Consulting Co., Ltd. ("Shanghai Pinqi"), making Jingyu Xingzhu and Jingyu Xingcan related parties with a concerted action relationship.

After the transfer completion, Jingyu Xingzhu and Jingyu Xingcan collectively hold 993 million shares of the company (accounting for 9.34% of the company's total share capital), becoming the largest shareholder of Jinke Property Group.

According to the "Restructuring Investment Industrial Investment Agreement of Jinke Property Group Co., Ltd. and Chongqing Jinke Real Estate Development Co., Ltd.", Shanghai Pinqi Consortium (or its designated share registration entity) has the right to nominate 7 director candidates (including independent directors). Subsequently, Jinke Property Group will initiate the re-election of the board of directors. After the board re-election is completed, the company's controlling shareholder will change from Chongqing Jinke Investment Holdings (Group) Co., Ltd. ("Jinke Holdings") to Jingyu Xingzhu and Jingyu Xingcan, and the actual controller will change from Huang Hongyun to no actual controller.